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via CoinDesk · By CoinDesk Staff
Bitcoin's record holder supply hides a buyer drought, CryptoQuant says
BTC
BTC/USDT
$79,888.28
+0.29%
$79,888.28
+0.29%
(24s)24h Volume
$6,082,410,611.20
24h H/L
$80,200.00 / $79,442.00
Change: $758.00 (0.95%)
Long/Short
52.8%
Long: 52.8%Short: 47.2%
Funding Rate
+0.0011%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(04:23 AM UTC)
1 min read
A record high in long-term holder supply typically signals conviction. CryptoQuant says it reflects a shortage of new buyers, a view echoed by weakening ETF demand and bearish prediction market odds.
Bitcoin traded around $73,500 Friday morning Hong Kong time, according to CoinDesk market data, roughly 10% below the low-$80,000 levels reached earlier this month, as new data from CryptoQuant…
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